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Yahoo, Lehman Scuttle Stock Rally

Published by: anonym 2008-12-04

An early rally Thursday came unglued when talks between Microsoft (NASDAQ: MSFT) and Yahoo (NASDAQ: YHOO) fell apart and Lehman Brothers (NYSE: LEH) demoted its COO and CFO over continuing credit market troubles.

Border01 : Messages : 456-485 of 4950::
The October 2000 Womenâs Path for Peace rally federal government to scuttle local autonomy whenever it conflicts with. federal law.
http://groups.yahoo.com/group/Border01/messages/456?xm=1&m=e&l=1
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Transmeta Sets Up Foreign Sales Corps.::
Seeing much potential for its product overseas, the Low-power chipmaker announces a Yahoo Defends Severance Packages. AT&T, Starbucks Brew New Wi-Fi Perks
http://siliconvalley.internet.com/news/article.php/1583611
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After rallying 1.5% in the morning on stronger than expected retail sales, the major averages gave it all back in the afternoon before recovering to close with gains of less than 0.5%.

Yahoo fell 10% on news that Microsoft is no longer interested in buying the whole company, while Microsoft rallied 4% on relief that it won't overpay for its internet rival. Google (NASDAQ: GOOG), meanwhile, edged higher on speculation that it will likely partner with Yahoo in a search advertising deal.

Friday could turn out to be another eventful day, as traders digest consumer inflation data before the market opens amid Federal Reserve threats to raise interest rates.

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New application designed to coordinate customers and partners expected to Down Yahoos Transition Road. Apple Watchers Salivate Over 3G iPhone Rumors
http://siliconvalley.internet.com/news/article.php/796481
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Qualcomm (NASDAQ: QCOM) was up 5.8% after raising its guidance on strength in 3G wireless sales.

Nortel (NYSE: NT) had another strong day, up 9% on a JP Morgan upgrade.

Palm (NASDAQ: PALM) jumped 10% on a deal with Verizon (NYSE: VZ), while Apple (NASDAQ: AAPL) and Research in Motion (NASDAQ: RIMM) ended the day lower.

The Nasdaq rose 10 to 2404, the S&P added 4 to 1339, and the Dow rose 57 to 12,141. Volume rose to 4.75 billion shares on the NYSE, and 2.12 billion on the Nasdaq. Advancers led by a 16-15 margin on the NYSE, and 15-13 on the Nasdaq. Upside volume was 58% on the NYSE, and 59% on the Nasdaq. New highs-new lows were 29-187 on the NYSE, and 43-183 on the Nasdaq.




Stocks End the Week on Top
Technical Analysis: It's Really Bad Out There!

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